On June 3, 2022, the IRS announced that it is establishing a new pre-examination retirement plan compliance program beginning this month. This program will notify a plan sponsor by letter that their retirement plan was selected for an upcoming examination/audit. The letter will give the plan sponsor a 90-day window to review its plan documents and operations to determine if they meet current tax law requirements. If a recipient of the letter does not respond within 90 days, the IRS will contact the recipient to schedule an exam.